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20121205
20121213
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Search Results 0 to 4 of about 5
CNBC
Dec 5, 2012 6:00am EST
agreement to avoid the debt, the fiscal cliff, and then having a down payment on actually getting the $4 trillion identified. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down
CNBC
Dec 10, 2012 6:00am EST
debate about taxes, spending and the fiscal cliff. republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. >> if we were to pass, for instance, raising the top two rate and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> meantime, one influential voice says enough is enough. >> that's like betting your country. there's something terribly bizarre and juvenile about that is to think your party comes ahead of your country. i don't go for that at all. >> that, of course, was alan simpson, the other half of simpso simpson-bowles. erskin bowles will join us this morning, as well. if you have the democrats quoting him, the republicans quoting him, we'll very where he comes down and where things stand r
CNBC
Dec 7, 2012 6:00am EST
, rogoff and the idea we're in a 2% world all of a sudden, would doing the fiscal cliff make it possible to do 5% or are we just -- we know austerity's coming and we know -- i'm saying we've got a lot of debt -- i'm saying that we are maybe in a new -- we might be in a new normal. is there any reason to think we could do a 4% or 5%? >> nobody wants to take an automatic hit. the number you want to achieve and achieve it quickly, that's one aspect, but no one wants a huge hit, for example, to defense spending. >> do you think we'll get to 7% in unemployment? >> i do. 6.9%. >> even though we're facing the same kind of austerity as europe. >> i think american companies put americans back to work. >> and freeing up the corporate cash will overcome -- >> get rid of the uncertainty. >> why would the cash be freed up? if you are raising capital gains tax -- all the things we're doing are negative. >> hold on. i guess i disagree fundamentally that the capital gains tax is the definitive reason why you would or would not make an investment. i think there's two pieces. one is the piece that i don't like the higher rate. the other piece is i don't like the uncertainty of not knowing what the rate's going to
CNBC
Dec 6, 2012 6:00am EST
obama to talk about avoiding the fiscal cliff and caterpillar's ceo joins us from the nyse to talk about the fix the debt campaign and more. you know anything we don't know, doug, that you can tell us about how this finally looks and whether we do it? >> i don't know if i know any more than you do or not, joe, but we've all been working hard to impress upon our leadership in washington how important this is not to go over the cliff. we had good sessions with republican leadership, democratic leaderships and with president obama in the white house. nobody over there wants to go over the cliff at this time, there's nothing that wants to do it. >> once we get over it, we hope it's a bridge to something that will help you and caterpillar compete better in the world. after the cliff, what do you want? is there any emphasis on corporate tax reform that we need or how to bring $2 trillion back to this country? aren't those things, did you talk about any of those or the cliff? >> we talked about all of those, long-term competitiveness for our country, immigration reform that needs to happen, and there's a lot of bipartis
CNBC
Dec 11, 2012 6:00am EST
table -- >> the republicans get their way, you get through this fiscal cliff, let's say there is some sort of a deal, you're going to be right back in the same situation in six weeks talking about the deficit, the debt ceiling again. >> if republicans had their way, we would be spending $7 trillion less over the next ten years, that's the difference between the house budget and the president's budget. $7 trillion. we're always talking about minimum of $4 trillion. well the house budget has already done that. they've laid that -- put that template out there, because that's what a budget is, showing this is the most you can spend. now take that information committees and start crafting the legislation under that fiscal constraint. that's the way the process ought to work. then you actually have elected officials debating back and forth in committees and committee markup, in the view of the american people, as opposed to behind closed doors, literally with unelected staff members trying to hammer all this stuff out in two or three weeks. it's an absurd process. >> okay, so we go over the cliff then. we get a recession. it was meant to create a recession. why did we get to the point where the republicans agreed
Search Results 0 to 4 of about 5